Please consult Section 1.1 of the Group Management Report, The Zumtobel Group – An Overview, for more information. The Zumtobel Group is classified under business sector ‘C – Manufacturing’ and has been all- ocated the NACE code C27.40 ‘Manufacture of lighting equipment’. This business sector is categorised as a high climate impact sector.
These aspects are also reflected in the material sustainability matters identified in the double materiality assessment. The Zumtobel Group aims to harness the power of lighting to make a significant contribu- tion to the future of people and the planet. Three strong brands ( Zumtobel, Thorn and Tridonic ) create unique added value for customers. In addition, solutions offered by the Group are forward-looking, energy- and resource-efficient, put the needs of people and the planet first, and aim to minimise en- vironmental impacts. Each of these charac- teristics aligns with the Zumtobel Group’s strategic sustainability targets, namely Net-Zero, Circular Economy and Partner of Choice. The Zumtobel Group has two operating segments which form the basis for corpo- rate management: the Lighting segment with lighting products and solutions and the Components segment with drivers, LEDs and sensors. The Lighting segment compri- ses project sales (construction projects with architects, lighting and electrical planners, and property developers), retail and key account management. Lighting solutions are also sold over online sales channels. The Components segment includes OEM sales to lighting manufactu- rers and the sale of intelligent solutions to electrical and system planners. Both seg- ments focus on the European market, which represents the Group’s most important sales region with a market share of around 85%.
Net-Zero until 2050
The Zumtobel Group has not defined any sustainability goals for individual products and services, customer categories, geogra- phical areas, or relationships with stakehol- der groups. The Zumtobel Group is commit- ted to reaching Net-Zero GHG emissions by 2050 in line with the Science Based Targets initiative (SBTi). Challenges associated with achieving this target are described under E1-1 ‘Transition plan for climate change mitigation’. The Zumtobel Group’s business model is de- scribed in detail in Section 1.1 of the Group Management Report, The Zumtobel Group – An Overview. The Zumtobel Group’s value chain starts with the upstream value chain for raw materials procurement. The main raw materials purchased for use in products manufactured by the Zumtobel Group are metals and plastics (based on purchased weight). Packaging is primarily made of cardboard. In some cases, raw materials are prepared for further use (e.g. refinement) and subsequently processed.
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